Beardsley v. Webber

Defendants were bankers. Plaintiff deposited with them $8,000, «for which ,he received the following certificate;

“Bank of Webber & Chapin.

“Stanton, Mich., Oct. 26, 1892.

“G. F. Beardsley has deposited in this bank $8,000 (eight thousand dollars), payable to the order of himself on the return of this certificate properly indorsed. *89Interest at 6 per cent, if left 12 months for all full months. Interest to cease if not renewed at end of one year from date.”

July 26, 1893, the bank closed its doors, having previously suspended payment. Plaintiff testified that he presented the certificate and…